More Industry News articles

In a pre-conference trading statement today, Cordiant Communications revealed that underlying profits were likely to decline by around 9% for the full year, compared to previous expectations of 5% (see Shares Slump As Cordiant Issues Profits Warning). The group says that market conditions remain “exceptionally difficult” and that the acceleration of decline in the second… Continue reading Cordiant Makes Further Jobs Cuts As 2001 Revenue Predictions Fall Further

Week on week analysis of the media market shows that Granada saw shares rise 5.48% to close at £1.54, an increase of 8p on the previous week. After releasing its end of year results last Wednesday (see ITV Digital Losses Weigh Heavy On Granada ) revealing losses of £185m for the year, Granada announced that… Continue reading Sharewatch

SMG has extended its outdoor interests with the acquisition of Town & District Posters Limited for a price that could reach £650,000.The acquisition was made on Friday by SMG’s wholly owned subsidiary, Primesight, for an initial consideration of £350,000 with a further £250,000 becoming payable in SMG shares depending on the future performance of the… Continue reading SMG Extends Outdoor Interests

The ITC has refused to uphold the 228 complaints received about a Freeserve ad featuring nudists, saying that while they may not be considered in good taste, they are not unsuitable for broadcast.The advertisement in question was meant to promote the freedom provided by the company’s internet access. Nudists were featured “enjoying their freedom” by… Continue reading ITC Rejects Freeserve Nudist Complaints

Cordiant Communications has announced further job losses, which will take the total number to more than 1,100. The news comes as Cordiant issues its second profits warning in three months (see Cordiant Falls On Profits Warning), blaming a “deteriorating trading environment.”The “headcount reductions” will take place alongside other cost cutting measures, as the company continues… Continue reading More Jobs To Go At Cordiant

The PPA reports that the value of the UK magazine market grew by 12.1% to reach £3.1bn between 1999 and 2000, according new data from Euromonitor. The UK has demonstrated better growth than France and Germany, whose magazine markets grew by 0.7 % and 2.3% respectively in the same period. According to Euromonitor the UK… Continue reading Euromonitor Reports Impressive Growth In Men’s Magazine Market

colspan=”5″>National Newspaper NRS Figures – October 2001

The first showing of ITV2’s Who Wants To Be A Millionaire Interactive (see ITV2 To Launch Interactive Millionaire) drew over 200,000 viewers and achieved a 2% share in what the channel claims is one of its largest audiences since it launched three years ago.The programme, which was shown simultaneously with the ITV1 version, saw viewing… Continue reading ITV2’s Interactive Millionaire Hits The Spot

Aegis Group have announced the acquisition of Research Fact, a Japanese market research company for an initial consideration of £1 million. There is also deferred cash consideration, subject to performance criteria, payable over the next three years. Research Fact had revenues of approximately £3.5 million during the year ended 30 June 2001. This acquisition extends… Continue reading Aegis Extends Interests In Japan

Carlton Communications Plc has announced the launch of a bond, exchangeable into shares in Thomson multimedia, which expected to raise approximately £311 million in cash with an option to increase the issue by up to a further £62 million. The exchangeable bond, which will mature in 2007, is expected to carry a coupon of between… Continue reading Carlton Launches Thomson Bond To Raise Cash